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Repo Trader Jobs (NOW HIRING)

... repo, securities lending, TRS, credit and repo facilities etc.) * Be involved in day-today ... Remain current on services and products offered throughout the firm Ensure correct trade details ...

Operations Analyst

Manhattan, NY · On-site

$65K - $80K/yr

Confirm both cash and repo trades with counterparties * Provide support to accounting/management for financial reporting * Assist with the development of system and process enhancements and ...

Act as the main point of contact with the US Repo officers (traders, sales, middle office) based in New York office regarding the various tools they use (pricing, reporting, deal analysis, data ...

Associate, Short Term Trader

Newport Beach, CA · On-site

$17 - $22.50/hr

Understanding of collateral/repo trading, with potential to manage aspects of daily trading of US Treasury and Credit/Structured Product Funding Book an added consideration. * Initial ...

Associate, Short Term Trader

Newport Beach, CA · On-site

$17 - $22.50/hr

Understanding of collateral/repo trading, with potential to manage aspects of daily trading of US Treasury and Credit/Structured Product Funding Book an added consideration. * Initial ...

Treasury Engineer

New York, NY · On-site

$120K - $200K/yr

Collaborate with global team of software engineers, quantitative researchers, Portfolio Finance, Repo traders to deliver robust solutions * Improve performance and resilience of existing services ...

Collaborate with global team of software engineers, quantitative researchers, Portfolio Finance, Repo traders to deliver robust solutions * Improve performance and resilience of existing services ...

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How much do repo trader jobs pay per hour?

As of Aug 23, 2026, the average hourly pay for repo trader in the United States is $19.50, according to ZipRecruiter salary data. Most workers in this role earn between $16.35 and $20.19 per hour, depending on experience, location, and employer.

What is a repo trader?

A Repo Trader is a financial professional who specializes in repurchase agreements, commonly known as 'repos.' In these transactions, one party sells securities to another with a commitment to repurchase them at a later date, usually at a higher price. Repo Traders facilitate these agreements to help institutions manage liquidity, optimize short-term funding, and earn returns from the spread between borrowing and lending rates. They play a crucial role in the smooth functioning of money markets and often work for banks, hedge funds, or investment firms.

What are the key skills and qualifications needed to thrive as a repo trader?

To thrive as a Repo Trader, a strong background in finance, economics, and quantitative analysis, often supported by a relevant degree, is essential. Familiarity with trading platforms, risk management systems, and certifications such as CFA or FINRA Series 7 is typically required. Excellent analytical thinking, attention to detail, and effective communication skills help traders navigate fast-paced markets and negotiate with counterparties. These competencies are critical for managing risk, ensuring regulatory compliance, and optimizing profitability in the dynamic repo market.

How does a repo trader typically collaborate with other teams within a financial institution?

Repo Traders frequently work in close collaboration with other desks such as fixed income trading, treasury, and risk management. They coordinate with the treasury team to ensure optimal use of the firm's liquidity and with risk management to monitor counterparty exposures and compliance with regulatory limits. Effective communication with operations and settlements teams is also crucial to ensure that trades are executed and settled smoothly. This cross-functional teamwork helps Repo Traders manage funding needs efficiently and respond quickly to market developments.

What is the difference between Repo Trader vs Securities Trader?

AspectRepo TraderSecurities Trader
Required CredentialsTypically a finance or economics degree; certifications like CFA are commonSimilar educational background; CFA often preferred
Work EnvironmentWork primarily in trading desks within banks or financial institutions, focusing on short-term lending and borrowingWork in trading floors or desks, dealing with buying and selling securities like stocks and bonds
Industry UsageCommon in banking, asset management, and hedge funds involved in short-term fundingWidely used across investment banks, asset managers, and hedge funds for securities trading

While both roles involve financial markets, Repo Traders focus on short-term lending via repurchase agreements, whereas Securities Traders deal with buying and selling securities. Understanding these differences helps in choosing the right career path within finance.

How much do repo traders make?

Repo traders typically earn between $70,000 and $150,000 annually, with experienced professionals and those in major financial centers earning higher salaries. Compensation often includes bonuses and performance incentives, and success depends on market knowledge, trading skills, and risk management abilities.

What does a repo trader do?

A repo trader manages repurchase agreement transactions, buying and selling securities to provide short-term liquidity for financial institutions. They analyze market conditions, execute trades using trading platforms, and monitor collateral and interest rates to optimize profits and manage risk.
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States with the most job openings for Repo Trader jobs include:

Infographic showing various Repo Trader job openings in the United States as of August 2026, with employment types broken down into 96% Full Time, 2% Part Time, and 2% Contract. Highlights an 87% Physical, 5% Hybrid, and 8% Remote job distribution, with an average salary of $40,568 per year, or $19.5 per hour.

Manager, Brokerage Operations

Fidelity Investments

Jersey City, NJ • On-site

$66K - $125K/yr

Full-time

Medical, Retirement, PTO

Re-posted 9 days ago


Fidelity Investments rating

8.7

Company rating: 8.7 out of 10

Based on 272 frontline employees who took The Breakroom Quiz

16th of 151 rated financial services


Job description


The Role
The Operations Repo Specialist is responsible for the seamless execution, settlement, and lifecycle management of repurchase agreement (Repo) transactions used for collateral reinvestment. This role acts as the operational backbone for the Agency Lending desk, ensuring that all cash and securities movements are reconciled, risk-controlled, and compliant with client mandates.
Note: Fidelity will not provide immigration sponsorship for this position.
The Experience And Skills You Bring
  • Trade Settlement: Oversee the daily settlement of bilateral and tri-party Repo trades, ensuring timely delivery of collateral and cash via Fedwire and external vendors.
  • Collateral Management: Monitor daily collateral valuations and manage margin calls. Ensure all pledged assets meet specific client eligibility criteria
  • Reconciliation and Break Resolution: Perform daily cash and position reconciliations. Investigate and resolve trade discrepancies (fails) to mitigate TMPG charges and financial exposure
  • Fail Managements: Monitor and resolve bond settlement fails and maintain records for counterparty charges.
  • Collateral and Compliance: Oversee repo settlement, reconcile custody records for interest/coupon activity, and ensure compliance with KYC/AML protocols.
  • Experience: 3-5 years in Securities Finance Operations, Repo Middle/Back Office, or Collateral Management.
  • Technical Proficiency: Hands-on experience with settlement systems such as Global One, Pirum, Loanet, or Swift.
  • Product Knowledge: Solid understanding of the mechanics of Repo/Reverse Repo, U.S. Treasury/Agency market, and the Securities Lending lifecycle.
  • Problem Solving: Ability to quickly diagnose and fix settlement fails under tight market deadlines.
  • Collaboration: Comfortable working across desks, including Trading, Treasury, and Credit Risk.

The Team
The Operations and Services Group (OSG) provides superior customer service to Fidelity's brokerage businesses through innovation, dedication and commitment to excellence. With seven operating divisions located throughout the country, OSG provides securities execution, clearance, and information management services to retail, institutional, and correspondent clients. OSG performs tens of thousands of over the counter, listed equities, options, bonds, and mutual fund transactions daily. OSG has a need for a Brokerage Representative in the Fidelity Agency Lending Operations area.
Fidelity's Onsite Working Model
Fidelity is transitioning to a full-time onsite working model through a phased rollout across regions and roles. Currently, some roles and locations require 100% onsite presence, while others require less. Onsite expectations are likely to evolve as the rollout continues. This transition does not apply to fully remote roles.
The base salary range for this position is $66,000-125,000 USD per year.
Placement in the range will vary based on job responsibilities and scope, geographic location, candidate's relevant experience, and other factors.
Base salary is only part of the total compensation package. Depending on the position and eligibility requirements, the offer package may also include bonus or other variable compensation.
We offer a wide range of benefits to meet your evolving needs and help you live your best life at work and at home. These benefits include comprehensive health care coverage and emotional well-being support, market-leading retirement, generous paid time off and parental leave, charitable giving employee match program, and educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career. Note, the application window closes when the position is filled or unposted.
Please be advised that Fidelity's business is governed by the provisions of the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, the Investment Company Act of 1940, ERISA, numerous state laws governing securities, investment and retirement-related financial activities and the rules and regulations of numerous self-regulatory organizations, including FINRA, among others. Those laws and regulations may restrict Fidelity from hiring and/or associating with individuals with certain Criminal Histories.
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Brokerage Operations

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